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Stock Market & Financial Investment News

News Breaks
May 2, 2013
15:50 EDTRIGIcahn sends letter to Transocean shareholders, urges special dividend
Carl Icahn sent a letter to Transocean shareholders continuing to advocate for a $4.00 per share special dividend. In his letter, Ichan says, "Transocean has at last acknowledged the magnitude of the cost cutting opportunity at the company: in the initial phase, at least $300M of annualized savings. However, the more important issue at this point how will the $300M in annualized savings impact shareholders? If additional capital is tied up in long dated low return capital projects, we do not believe shareholders will ever see the benefit. We continue to believe that even without the $300M annualized savings, a $4.00 dividend is entirely feasible, but obviously this $300M makes it even more so."
News For RIG From The Last 14 Days
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September 22, 2014
16:37 EDTRIGTransocean receives $115M in new contracts since August 21 fleet update
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September 21, 2014
12:48 EDTRIGTransocean to host special shareholder meeting
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September 12, 2014
10:27 EDTRIGTransocean falls in a weak energy sector, levels to watch
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07:14 EDTRIGTransocean management to meet with Deutsche Bank
Meetings to be held in Frankfurt/The Netherlands on September 12 hosted by Deutsche Bank.
September 11, 2014
07:49 EDTRIGTransocean management to meet with Deutsche Bank
Meetings to be held in Stockholm/Frankfurt on September 11 hosted by Deutsche Bank.

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